Extra money is welcomed

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PLANS that will see millions more pounds heading to the region have been welcomed by commercial property experts.

As previously reported, the government has said it willincrease the money coming to the Solent region in the national Growth Deal.

The £124.8m originally allocated has now been expanded to £151.9m to be used for economic development.

The funding has been welcomed by commercial property experts Vail Williams.

Partner Martin Tice said: ‘This extra investment is very welcome. Through working with our clients and our knowledge of the local area, we understand the progress that is possible in the Solent region.’

From this there will be £25m allocated for a new National Maritime Centre of Excellence in Portsmouth which will be a boost for jobs and strengthen the maritime heritage in the city.